Dollar softer in ranges; FDIC woes eyed

A series of middle-sized and small bank failures have depleted the FDIC’s cash horde and may require the deposit insurance fund to turn to the US Treasury to protect depositors. That, combined with modest rebounds in oil and gold and hawkish ECB speak has helped send the greenback lower in ranges.

US durable goods orders are due for release at 8:30 EDT and are expected to rise 0.1% at the headline level and fall 0.3% ex-transportation.